Qualified Insurers definition

Qualified Insurers means reputable insurers of good standing in Canada, the United States, the United Kingdom, Europe or Australia having a credit rating of (1) A- or better with AM BEST or (2) the equivalent thereof by any other recognized insurance rating agency;
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Qualified Insurers means reputable insurers of good standing in Canada, the United States, the United Kingdom, Europe or Australia that:
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Qualified Insurers means financially sound and reputable insurance companies rated “A-, X” or better by A.M. Best Company or “A” or better by S&P.
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Examples of Qualified Insurers in a sentence

  • Project Co shall also take out, maintain in force, pay for and renew, or cause to be taken out, maintained in force, paid for and renewed, throughout the Term, from Qualified Insurers, all other insurance as may be required to be taken out from time to time in respect of all or any of the Project Work, the Project Site and/or the Project Infrastructure in accordance with any Laws or any Project Site Agreements and Project Site Encumbrances.

  • We do not know why JLT’s position has changed so substantially since then, nor why major objections to a Qualified Insurers Scheme which they raised in both those reports – which we will discuss later in this response – have not been identified currently by them.

  • We have already discussed the fact that expenses under a Qualified Insurers plan are likely to be greater than with a Fund, and we do not see how claims are likely to be less.

  • Notwithstanding subsection (a), a Participant may make a prospective election change that is on account of and corresponds with a change by the Participant in a dependent care provider.

  • Presumably under either option of protection the same claims will be made against the profession, and unless the Qualified Insurers are better able to settle them at lower cost – and there is no apparent reason why this would be so – the cost would be the same also.

  • Date and Time of Opening Financial BID shall be informed in due course to only Technically Qualified Insurers.

  • As a result, large supplementary contributions have been required from Members to cover the shortfall and will be required annually for some years to come, in addition to the premiums paid to the Qualified Insurers.

  • Possibly the Qualified Insurers may be required to pick up some of these liabilities (a further drawback to them becoming Qualified) or possibly they will have to revert to SIF, but there are complex issues that will need resolution.

  • The Assigned Risk Pool is a Pool to which all Qualified Insurers subscribe in the proportion that their premium income from this class bears to the total premium for the class.

  • Jones, Megginson, Nash, and Netter (1999) find that in privatizing through SIPs, certain governments maintain ultimate control of firms by retaining “golden shares” or similar rights to veto major corporate events following privatization.


More Definitions of Qualified Insurers

Qualified Insurers means financially sound and reputable insurance companies rated “A-, X” or better by A.M. Best Company, “A” or better by S&P or otherwise acceptable to the Majority Lenders, acting reasonably.
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Qualified Insurers means reputable insurers of good standing in North America, the United Kingdom, Europe, Australia or Canada having a credit rating of (1) A- or better with AM BEST or (2) the equivalent thereof by any other recognized insurance rating agency; and
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Qualified Insurers means insurers having a claims paying or financial strength rating of at least Rep. No. on Exhibit C Mortgage Loan and Number as Identified on Exhibit A Description of the Exception S&P “A-” or Mxxxx’x “A3”.
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Related to Qualified Insurers

  • Qualified Insurer A mortgage guaranty insurance company duly authorized and licensed where required by law to transact mortgage guaranty insurance business and approved as an insurer by Xxxxxx Xxx or Xxxxxxx Mac.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Qualified inspector means a United States department of

  • Approved Insurer Each insurance policy shall be issued by insurance companies authorized to do business in the State of Nevada or eligible surplus lines insurers under federal and Nevada law and having agents in Nevada upon whom service of process may be made, and currently rated by A.M. Best as “A-VII” or better.

  • Qualified Investments means any and all securities, obligations or accounts in which municipalities may invest their funds under applicable Maine law.

  • Qualified Investors means investors who are professional clients (client professionnel/professionele cliënt) or eligible counterparty (contrepartie éligible/in aanmerking komende tegenpartij) as defined in the Belgian Prospectus Law of 16 June 2006 (as amended from time to time). The Qualified Investors may bear a lower Entry Fee (as defined under item 77 of Part A) depending on (i) the evolution of the credit quality of the Issuer (credit spread), (ii) the evolution of interest rates, (iii) the success (or lack of success) of the placement of the Notes, and (iv) the amount of Notes purchased by an investor, each as determined by each relevant distributor (including BNP Paribas Fortis SA/NV) in its sole discretion. Conditions to which the offer is subject: The Offer of the Notes is conditional on its issue.

  • Applicant’s Qualified Investment means the Qualified Investment of the Applicant during the Qualifying Time Period and as more fully described in EXHIBIT 3 of this Agreement.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Controlled insurer means a licensed insurer that is either directly or indirectly

  • Qualified investment has the meaning set forth in Section 313.021(1) of the TEXAS TAX CODE, as interpreted by the Comptroller’s Rules.

  • Qualified Institution means a depository institution organized under the laws of the United States of America or any state thereof or incorporated under the laws of a foreign jurisdiction with a branch or agency located in the United States of America or any state thereof and subject to supervision and examination by federal or state banking authorities that at all times has the Required Rating and, in the case of any such institution organized under the laws of the United States of America, whose deposits are insured by the FDIC.

  • Qualified Investor means an investor who has been certified by the commissioner under subdivision 3.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Qualified Institutional Lender means each of the Initial Note Holders and any other U.S. Person that is:

  • Qualified Institutional Investor (tekikaku kikan xxxxxxx) has the meaning assigned thereto in Article 2, Paragraph 3, item 1 of the Financial Instruments and Exchange Law (kinyu shohin torihiki ho) of Japan (Law No. 25 of 1948), Article 10, Paragraph 1 of the regulations relating to the definitions contained in such Article 2.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Collateral Insurance shall have the meaning set forth in Section 4.4(a).

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Blanket insurance policy means a group policy covering a defined class of

  • Alien insurer means an insurer domiciled outside the United States.

  • Required Insurance Policy With respect to any Mortgage Loan, any insurance policy that is required to be maintained from time to time under this Agreement.

  • Independently procured insurance means insurance procured under Section 31A-15-104.

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.